FAQ for Self Employed Home Loans
Frequently asked questions on self-employment home loans or stated income loans.
Question: How good does my credit have to be?
Answer: You need a minimum credit score of 600 to be eligible for a stated income self-employment home loan. Past credit issues may be okay… READ MORE
Bank Statements are the New Stated Income Loan
Back in 2007 and 2008 during the subprime mortgage bust, stated income mortgages were a thing, but they tended to get people into a lot of trouble and made it possible to buy homes they really couldn’t afford. But, with a little bit of finesse, revising, and a lot of experience, we’ve now developed a new program called the bank statement home loan. READ MORE
Stated Income Loans are Available Again to Investors
Stated income home loans used to be widely available before the recession in 2008. And although we’re not back to the subprime mortgage bust, and hopefully never will be, these loans were extremely valuable and they’re making a huge comeback. READ MORE
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Bank Statement Loans in Los Angeles: The Mortgage Hack Every Self-Employed Buyer Should Know
If you run a business, work on commission, earn most of your money as a 1099 contractor, or get paid in unusual ways (like royalties, residuals, stock grants), the traditional mortgage process can feel like it was designed for someone else. We talk to borrowers who...
Refinancing Strategies for High Net Worth Borrowers
Refinancing looks different for different types of buyers. Traditional homeowners are a little bit different than high net worth borrowers. When income is more complex, assets are Diversified, and properties fall into either a jumbo or non-conforming loan, the goal of...
Surprising Things That Can Lower Your Credit Score, Even If They’re Good Financial Moves
Your credit score makes all the difference in your ability to buy a home and the terms you will get on your mortgage. While the credit score is designed to put a measurable quantity on your ability to manage debt, it doesn't give the full picture of your financial...
What I Wish More Buyers Knew About Jumbo Loans Before Shopping for Luxury Real Estate
If you're eyeing a high-end property in Malibu or a luxury home in Orange County, chances are you’ll need a jumbo loan, and navigating this kind of mortgage is a lot different than a conventional one. As a mortgage professional who's worked closely with luxury...
Why High-Net-Worth Borrowers Often Avoid Traditional Mortgages
It may sound counterintuitive, but many high-net-worth borrowers struggle to qualify for traditional mortgages. Despite strong assets and financial sophistication, rigid lending guidelines often fail to reflect how wealth is actually built and managed. If you're...
How High-Income W-2 Buyers Can Compete With Cash Offers in California
California’s housing market? Man, it’s insane. Prices are sky-high, competition is brutal, and yes, cash buyers usually have the leg up. Sellers love them because things close fast and there aren’t a ton of financing hoops. But if you’re a W-2 buyer making good money,...
Why Traditional Mortgage Advice Failed So Many Buyers This Year
If you’re a business owner, investor, or high-income professional looking to buy real estate in Southern California, chances are you heard the same advice over and over this year: “You need stronger W-2 income,” or “Wait until your tax returns look better.” For many...
How to Refinance and Get Out of a Home Tap Loan in California
Home Tap and other equity-sharing agreements have become popular in California, especially among homeowners who own luxury homes but don't have the liquid assets to renovate or remodel they way they would like. These programs offer upfront cash in exchange for a share...
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Here you’ll find tips, updates on mortgage laws and changes that can affect your loan or approval. Check back often for more great ideas.